Risk Management in the Construction Projects from the Conceptual Design and Life cycle Perspectives

2^nd World Congress and Exhibition on Construction & Steel Structure

September 22-24, 2016 Las Vegas, USA

M Manikandan

Gulf Consult, Kuwait
Vels-University, India

Keynote: J Civil Environ Eng

Abstract :

Every day thousands of building projects are realized all over the world that each phase of the construction projects are required to have good decisions in order to take a step further towards the success of the project. The purpose of risk management is to predict, reduce and avoid the risks and their consequences. Risks can also be transferred to other parts of the project in order to achieve the best final results in each area of the project. A building project is a process where each activity and phase includes different risks that should be handled by the project participants. Nowadays, the building market is developing very fast and it is important to deliver the project to the client on time and within the budget, each decision made in the conceptual design phase can have an impact on other phases and bring consequences that could be negative for the building project in each phase of a building project, such as conceptual, preliminary, design development and construction execution has to be performed by a project participant according to his role, can also be referred to a project or a project task, because it contains the parts that the project teams work on within a company. The risks related to critical events in the project tasks are managed by the project participants according to their responsibilities defined in the contract documents. The risks managed in the project tasks are an integral part of the risk existing in the building projects, to understand the concept of risks in building projects, it is worth to study how a typical building project is organized and how it works in practice. A good knowledge about the forms of building projects would help to identify the risks in all the phases of the construction projects. The structure of a building project, depending on its scope, varies with the number of project teams, and form of management. Also the form of contract plays an important role regarding that, what kind of risk that should be taken into consideration and how to handle it. The aim of this paper is to identify the decisive risk approaches to manage the risk at every phase of the construction from conceptual design to close out to complete the project on time and within the budget.

Biography :

M.Manikandan is the Sr. Structural Engineer at Gulf Consult-Kuwait with responsibility for Designing and Construction Consultation of the tall buildings, Colleges, Shopping Complexes, Multi story Car Parks, Hospitals, Bridges and Deep Underground structures by considering the Structural requirements and adequate construct able systems to complete the projects within allocated budget and time schedule. Prior to joining Gulf Consult-Kuwait, he has worked as Structural Engineer at several companies, including RECAFCO-Kuwait, SAEED HADI ALDOOSARY EST-Saudi Arabia, Where he has completed many Precast Structures and treatment plant including the deep underground structures with heavy equipment. Notable he is in the construction industry since past 15 years and has completed many land mark projects in Kuwait as well in Saudi. He is pursuing PhD in Risk Management in International Construction Projects as an External Part time researcher with Vels University Chennai-India the expected completion on 2016 and He has been received Civil Engineering Degree from Kamraj University Madurai-India on April, 2000 following that he has received MBA in Project Management from Sikkim Manipal University-India in 2012.

Email: maximamani@aim.com